What are the costs and benefits of foreign trade? Explain.
What will be an ideal response?
Answer: Foreign trade increases market size and welfare of consumers is maximized but side by side, if firms are inefficient, then profits of firms be compromised. BOP would deteriorate and government revenue would also witness fall.
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The derived demand curve for labor shows the:
A. minimum amount of labor, measured in labor hours, that a firm requires at various wages. B. maximum amount of labor, measured in labor hours, that a firm will hire at various wages. C. maximum amount of labor, measured in dollar value, that a firm will hire at various wages. D. minimum amount of labor, measured in dollar value, that a firm requires at various wages.
U.S. productivity dramatically slowed down in 1973 until the early _________ (decade).
Fill in the blank(s) with the appropriate word(s).
When government agents use real-life data on bank loans to determine if whites and blacks are treated equally, they are using the statistical technique called
A. regression. B. standard deviating. C. auditing. D. quadratification.
If you like Oreos more than Chips Ahoy but like Nutter Butters more than Oreos, by the property of transitivity you like
A. Oreos more than Nutter Butters. B. Nutter Butters more than Chips Ahoy. C. Chips Ahoy more than Nutter Butters. D. Nutter Butters more than Oreos.